Russia has introduced a ban on sugar exports until August 31

Published 2024년 5월 6일

Tridge summary

Russia has implemented a temporary ban on the export of cane or beet sugar and chemically pure sucrose, solid state, until August 31, 2024. This measure is designed to stabilize the country's food market. However, certain exceptions have been made for exports to other EAEU countries. The decision was made due to concerns over an increased supply of sugar abroad and the need to maintain sufficient carry-over reserves. The Ministry of Agriculture will oversee the distribution of export volumes among exporters.

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Original content

Russia has introduced a ban on the export of cane or beet sugar, as well as chemically pure sucrose until August 31, 2024, the corresponding decree has been signed, the government reports on its Telegram channel. “The decision is aimed at maintaining the stability of the domestic food market,” the statement said. The resolution provides for a number of exceptions. Thus, sugar supplies will be possible to the EAEU countries in certain volumes. In particular, it is allowed to export 28 thousand tons to Armenia, 5 thousand tons to Belarus, 120 thousand tons to Kazakhstan, and 28.5 thousand tons to Kyrgyzstan. The Ministry of Agriculture has been instructed to distribute these volumes among exporters. The decision to temporarily ban the export of sugar was approved on April 5 at a meeting of the subcommittee on customs, tariff and non-tariff regulation, protective measures in foreign trade of the government commission for economic development and integration. As reported, the draft ...

Source: Milknews